State and Community Banks

State banks and locally or cooperatively owned community banks can help ensure credit is available for small business and local needs, and help manage the overall money supply through loan creation. North Dakota’s publicly owned bank, founded in 1919, has contributed to the state’s relative economic stability in recent economic downturns.

Instead of: A deregulated banking environment, dominated by large for-profit banks and a Federal Reserve that are unresponsive to the needs of small players in their management of the money supply.